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Tuesday, April 13, 2010

SBI not seeking govt funds: Finmin official

State Bank of India has not sought funds from the government and is looking at alternative options to raise capital, R. Gopalan, secretary for financial services in the finance ministry, said on Tuesday.

India plans to infuse capital into some state-run banks to aid their growth.

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Economic Event Calendar

GMT+5:30 Event Vol. Actual Consensus Previous
Friday, Jun 13
04:00 Business NZ PMI 2 47.5 53.3 Revised from 53.9
14:00 Consumer Inflation Expectations 2 3.2% 3.4%
18:00 Wholesale Sales (MoM) 1 -2.3% -0.9% 0.2%
18:00 Capacity Utilization 1 80.1% 79.8% 79.8%
18:00 Manufacturing Sales (MoM) 1 -2.8% -2.0% -1.4%
19:30 UoM 5-year Consumer Inflation Expectation 2 4.2%
19:30 Michigan Consumer Sentiment Index 3 53.5 52.2
19:30 UoM 1-year Consumer Inflation Expectations 2 6.6%
19:30 Michigan Consumer Expectations Index 2 47.9
22:30 Baker Hughes US Oil Rig Count 1 442
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